Virtual Data Room Alternatives

Posted by Security Vault

A virtual data room (VDR) is a safe storage space for documents that can be accessible and shared via the internet. It can help businesses save money on document storage or courier services, as well printing while increasing security and collaboration.

VDRs are a great tool for high-risk processes like mergers and purchases, fundraising and business restructuring. They can be utilized to facilitate a variety of business transactions that require safe and efficient file-sharing. For instance, manufacturing deals typically involve billion-dollar contracts and documents that are confidential, which require careful management and a secure space to protect against espionage from competitors or a massive lawsuit. Data rooms are an excellent method of managing high-risk transactions and ensure compliance with regulations.

The top virtual data rooms offer many features like central and secure access with granular permissions and settings, click trails and dynamic watermarking. They also come with an electronic signature. You should be able to monitor the activity in the data room to ensure you can spot obstacles that could lead to costly delays.

CapLinked for instance is a virtual data room that can be used to manage capital raises and asset sales, real estate transactions fundraising, M&A and investor and board reporting. CapLinked’s broad array of features makes it a perfect choice for large enterprises and mid-sized companies, as well as small companies seeking a simple but sophisticated collaboration and project management software. Intralinks, an online dealroom like Intralinks, prioritizes user comfort with features such as auto-launch or self-launch. It also integrates with Zoom and offers features that accelerate M&A due diligence like AI-integrated project management and redaction.